Insider Selling: Xometry (NASDAQ:XMTR) CEO Sells 14,826 Shares of Stock

by · The Cerbat Gem

Xometry, Inc. (NASDAQ:XMTR – Get Free Report) CEO Randolph Altschuler sold 14,826 shares of Xometry stock in a transaction on Monday, January 5th. The shares were sold at an average price of $66.53, for a total value of $986,373.78. Following the sale, the chief executive officer directly owned 295,445 shares of the company’s stock, valued at approximately $19,655,955.85. The trade was a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Xometry Stock Up 0.1%

XMTR stock traded up $0.07 during mid-day trading on Tuesday, hitting $67.88. The stock had a trading volume of 753,530 shares, compared to its average volume of 846,809. The company has a current ratio of 3.62, a quick ratio of 3.58 and a debt-to-equity ratio of 1.20. Xometry, Inc. has a 1-year low of $18.59 and a 1-year high of $69.26. The company has a fifty day moving average of $59.45 and a 200 day moving average of $49.39. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -54.30 and a beta of 0.86.

Xometry (NASDAQ:XMTR – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $180.72 million during the quarter, compared to analyst estimates of $168.25 million. Xometry had a negative return on equity of 6.59% and a negative net margin of 9.80%.The firm’s revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 EPS. On average, equities analysts expect that Xometry, Inc. will post -0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XMTR. Cantor Fitzgerald increased their price target on shares of Xometry from $41.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. JMP Securities set a $75.00 price objective on shares of Xometry in a report on Wednesday, November 5th. Citizens Jmp increased their target price on shares of Xometry from $65.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group raised their target price on Xometry from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Wedbush upped their price target on Xometry from $48.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $57.89.

Get Our Latest Stock Report on Xometry

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock valued at $107,029,000 after acquiring an additional 690,558 shares during the period. Durable Capital Partners LP acquired a new position in shares of Xometry during the 3rd quarter worth about $36,455,000. Gilder Gagnon Howe & Co. LLC boosted its stake in Xometry by 248.8% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 859,808 shares of the company’s stock valued at $29,053,000 after purchasing an additional 613,282 shares during the period. Stephens Investment Management Group LLC acquired a new stake in Xometry in the 2nd quarter valued at approximately $13,292,000. Finally, First Trust Advisors LP grew its holdings in Xometry by 42.9% in the 2nd quarter. First Trust Advisors LP now owns 1,279,005 shares of the company’s stock valued at $43,218,000 after buying an additional 384,211 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Company Profile

(Get Free Report)

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.

Recommended Stories